Building Details

Year Built 1900

Buildings 1

Tenancy Multi

Listing Agency: COLDWELL BANKER SCHMIDT REALTORS

Listed By: CRAIG HEINONEN · License #6506047729 Show Phone

Source: Kw

Added: Jul 22 Changed: Oct 27 Last Checked: Oct 28 at 1:35PM

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Investment Insights

Based on property information with market context.

This mixed-use property contains six units, including five apartments: four one-bedroom, one-bathroom units and one two-bedroom apartment. An on-site laundry room serves the residential component. Interior features include hot water, wall/window air conditioning, a range/oven, and a refrigerator. The building dates to 1900.

The property is located on Lake Linden in Laurium, Michigan. Its configuration combines residential units with commercial potential.

Key Highlights

• Six‑unit mixed‑use property
• Four one‑bedroom, one‑bathroom apartments and one two‑bedroom apartment
• On‑site laundry room

Property Analytics

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Open Analytics

Current Use

People's Choice Hair ... Hair Salon

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Nail Salon Daycare Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

334

Businesses Nearby

Explore this area Business Placement

Demographics for 49913, MI

7,218

Population

3,990

Households

1.8

Avg Household Size

42

Median Age

25%

College-Educated

93%

High-School Grad

75.5 sq mi

ZIP Area

96

Density / Sq Mi

$50,469

Median Household Income

$31,667

Median Earnings

$678

Median Rent

$92,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Similar For Sale Nearby

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Mixed-Use Building with Kitchen

70 First Street, Laurium, MI 49913

$215,000

4,522 SF

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Mixed-Use Building with Apartment

409 LAKE LINDEN AVENUE, Laurium, MI 49913

$179,900

1,312 SF

View details

Storefront Building with Basement

101 Hecla Street, Laurium, MI 49913

$70,000

5,710 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Five apartments include a mix of one- and two-bedroom layouts, alongside space with commercial use potential.

Where is this mixed-use property located?

The property is located at 137 Lake Linden Laurium, MI.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Six‑unit mixed‑use property; Four one‑bedroom, one‑bathroom apartments and one two‑bedroom apartment; On‑site laundry room